@TradeLogic Year 6 for me right now. Was finally making real progress and suffered another huge setback. Taking two weeks off for vacation and to reset then coming back to follow you lead. Thanks my man!
@MandoTrading@edgeful Good point. I was doing some digging across all Mag 7s after the new expirations rolled out. Tuesday seems to usually be chop and Wed the most volatile. Overall it feels like it’s led to more pinning/chop.
To piggy back off a tweet from last weekend but to delve into the psychology and thought process side to answer a question I got -
If any of your current self talk or inner thoughts look like this:
“I can’t believe I missed that move”
“I’m under performing”
“I fucked up”
“I need to size heavier next time to try and make up for my underperformance”
Dwelling on losing X amount of dollars
Dwelling on selling for a loss to watch it go without you
Dwelling on not selling the exact top when you still did well
You are not alone, your issues are not unique in a way that something is wrong with you, and it’s easy to feel this way in current environment
STOP and take a breath
The market will still be here tomorrow and the next week and the week after that, opportunities are abundant
Focus on ABUNDANCE in your life, not lack of
The LAST thing you need to do is size up
You need to do the opposite size DOWN
Buy 2 affordable contracts max to where the P&L moving makes you feel as close to nothing as possible, this gives you the ability to scale, give cushion, and let one contract work to prove to you to trust yourself and your analysis
Focus on your “why”, refine your process, move in a way that reflects a logical thought out idea, not on a monetary or percentage based outcome you are chasing from emotion
You need to build confidence in not only yourself but a system. This is why I try so hard to teach and educate because unless you blindly trust someone chasing others alerts will not lead you to a sustainable path
If you buy a push higher intra day with no confidence on the higher time frames or why you’re taking that trade. That move 9/10 times is going to retrace and put you in draw down. A lack of process will let you be shaken out only to watch it move higher
Stocks do not move in a straight line all the time, retracements are normal. You will not make sound logical decisions when you are operating on the emotion that your P&L is making you feel
You are human, you will trip now and then and mess up, progress is rarely linear in any endeavor
Take a step back, you can do this, but you have to walk before you can run. Believe in yourself and put the work in 🫶
@Remzztrades thanks for this. I’ve been making progress but ended the month flat after some dumb mistakes and missed the end of month moves I had been tracking. Super frustrating but inspiring at the same time. Never giving up and will come back better. Really appreciate all your education and positivity.
@ohiain Fair observation, thanks. Generally day trading and playing weekly cons and getting chopped up. Zooming out and swinging sounds like the way. How long is a typical trade for you and how far out do you buy? Thanks!
The space economy is projected to nearly triple from $630B to $1.8 trillion by 2035.
Here are 10 companies building it across every layer of the value chain.
1. $RKLB - Rocket Lab
Revenue up 63% YoY with a $2.2B backlog. 31 new Electron launch bookings plus a $190M DoD hypersonic test contract. Neutron (medium-lift) is the next catalyst - and the biggest execution bet in the space.
If you truly cared about your future and your family’s future, you would do everything in your power to lock in this year.
Forget all the distractions and the bullshit slowing you down.
There is too much opportunity out there right now.
People are building life changing wealth from a cellphone and you’re not intrigued enough to learn?
I hate trading.
Not because of the losses, stress, or volatility…but because I genuinely cannot turn my brain off from the markets.
I’ll be with family thinking about +5 years down the line. I’ll be in the shower thinking about entries I missed. I’ll go on a walk 2 mentally turn off my brain, but cannot...
...1/2 the time I’m supposed to be relaxing, but instead I’m comparing myself to traders +20 years older than me, wondering why I’m not to their status yet.
It’s such a weird balance between GOOD & evil.
Because on 1 side, this obsession can slowly consume you if you let it. But on the other side, I truly believe obsession is required to become exceptional at something difficult.
But despite all the emotional ups and downs, I know I’m exactly where I need to be.
Hopefully I still have 60+ years ahead of me to learn, improve, manage my emotions better, and continue evolving both as a trader and person.
That’s the part I love most...being a continuous student.
Humbling myself daily.
Getting proven wrong.
Waking up every morning knowing there’s still so much left to learn.
I’m sure some of you know exactly what I mean.
I can't stop thinking about the markets.
I hate trading.
Not because of the losses, stress, or volatility…but because I genuinely cannot turn my brain off from the markets.
I’ll be with family thinking about +5 years down the line. I’ll be in the shower thinking about entries I missed. I’ll go on a walk 2 mentally turn off my brain, but cannot...
...1/2 the time I’m supposed to be relaxing, but instead I’m comparing myself to traders +20 years older than me, wondering why I’m not to their status yet.
It’s such a weird balance between GOOD & evil.
Because on 1 side, this obsession can slowly consume you if you let it. But on the other side, I truly believe obsession is required to become exceptional at something difficult.
But despite all the emotional ups and downs, I know I’m exactly where I need to be.
Hopefully I still have 60+ years ahead of me to learn, improve, manage my emotions better, and continue evolving both as a trader and person.
That’s the part I love most...being a continuous student.
Humbling myself daily.
Getting proven wrong.
Waking up every morning knowing there’s still so much left to learn.
I’m sure some of you know exactly what I mean.
I can't stop thinking about the markets.
For what it’s worth..
The biggest leaps in my growth whether it’s trading, professional development, personal development all came following periods of utter failure and humbling
I just didn’t take no for an answer. The more catastrophic the setback was, the more it inspired me to surmount it one day
When you’re at mental rock bottom, the good news is that the only way is up. But you have to persevere and keep at it
Motivation is temporary, that fire you feel in your moments of deep despair have a finite lifetime. Purpose is more lasting, you need to remember the basis for why you want to achieve what you do. And all that matters is that it means something to you.. not someone else
I remember every rock bottom moment in life like a scene from a movie.. what the day was, where I was, what the weather was etc. Those are the moments that made me who I am
Embrace challenges, embrace the uncomfortable. You have one life, give it everything you’ve got.